BHP Billiton Ltd. (NYSE:BHP) was upgraded by research analysts at Macquarie from a “neutral” rating to an “outperform” rating in a research report issued to clients and investors on Tuesday.

A number of other research firms have also recently commented on BHP. Argus upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Tuesday, August 30th. BMO Capital Markets restated a “hold” rating on shares of BHP Billiton in a research report on Monday, August 29th. Jefferies Group upgraded shares of BHP Billiton from a “hold” rating to a “buy” rating and increased their price objective for the company from $28.00 to $33.00 in a research report on Tuesday, August 23rd. Bank of America Corp. restated a “buy” rating on shares of BHP Billiton in a research report on Tuesday, August 16th. Finally, Zacks Investment Research downgraded shares of BHP Billiton from a “buy” rating to a “hold” rating in a research report on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $30.09.

Analyst Recommendations for BHP Billiton (NYSE:BHP)

BHP Billiton (NYSE:BHP) traded up 1.90% on Tuesday, reaching $31.07. 2,941,821 shares of the company were exchanged. BHP Billiton has a 12-month low of $18.46 and a 12-month high of $38.10. The firm’s market capitalization is $82.68 billion. The firm has a 50-day moving average of $31.03 and a 200 day moving average of $28.74.

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The company also recently disclosed a semiannual dividend, which will be paid on Tuesday, September 20th. Stockholders of record on Friday, September 2nd will be given a dividend of $0.28 per share. The ex-dividend date is Wednesday, August 31st. This represents a dividend yield of 1.72%.

A number of institutional investors have recently bought and sold shares of the stock. Jarislowsky Fraser Ltd boosted its position in BHP Billiton by 2,730.8% in the second quarter. Jarislowsky Fraser Ltd now owns 26,407,326 shares of the mining company’s stock valued at $1,116,711,000 after buying an additional 25,474,458 shares during the last quarter. Wellington Management Group LLP boosted its position in BHP Billiton by 148.5% in the first quarter. Wellington Management Group LLP now owns 1,662,710 shares of the mining company’s stock valued at $43,064,000 after buying an additional 993,690 shares during the last quarter. JPMorgan Chase & Co. boosted its position in BHP Billiton by 54.5% in the second quarter. JPMorgan Chase & Co. now owns 1,233,844 shares of the mining company’s stock valued at $35,238,000 after buying an additional 434,999 shares during the last quarter. Lazard Asset Management LLC boosted its position in BHP Billiton by 22.2% in the first quarter. Lazard Asset Management LLC now owns 684,315 shares of the mining company’s stock valued at $17,723,000 after buying an additional 124,520 shares during the last quarter. Finally, Parametric Portfolio Associates LLC boosted its position in BHP Billiton by 4.7% in the second quarter. Parametric Portfolio Associates LLC now owns 638,699 shares of the mining company’s stock valued at $18,241,000 after buying an additional 28,920 shares during the last quarter. 4.84% of the stock is owned by institutional investors.

About BHP Billiton

BHP Billiton Limited is a global resources company. The Company is engaged in exploration, development, production, processing and marketing of minerals, such as iron ore, metallurgical and energy coal, copper, aluminum, manganese, uranium, nickel, silver and potash. It is also engaged in exploration, development, production and marketing of conventional and unconventional oil and gas.

5 Day Chart for NYSE:BHP

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